India's Restaurants Brand Asia set for best day in over a year

Restaurant Brands Asia

05/05/2023 10:33

** Shares of Restaurants Brand Asia Ltd  RESR.NS  rise as
much as 14.5% to 113.10 rupees, their biggest intraday pct jump
since Feb. 25, 2022
    ** Around 9.3 mln shares traded in stock's most active
session since Feb. 21, 2022
    ** Stock now trading above its 100-day simple moving average
price of 102.83 rupees; relative strength index seen above 70,
indicating bullish momentum 
    ** Twelve analysts covering the Indian Burger King
restaurants operator rate it "buy" on average; median PT is 120
rupees - Refinitiv data
    ** Stock at current levels nearly erases YTD losses


 (Reporting by Nandan Mandayam in Bengaluru)
 ((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))